The main topics in Real Estate legislation in Ras Al Khaimah include the following:
lease: relations between landlords and tenants, dispute resolution mechanisms, including mandatory registration of long-term leases;
purchase and sale: regulation of property transactions, registration and transfer of ownership;
development: requirements for developers, licensing, escrow account management and construction completion obligations;
brokerage services: licensing, standards and regulations;
real estate registration: overlaps with the domain of buying and selling, includes laws on maintaining cadastral records and databases;
co-ownership: regulation of rights and responsibilities of owners in multi-story buildings and complexes;
anti-money laundering: measures to prevent the use of real estate for money laundering and terrorist financing;
building codes and standards.
Ras Al Khaimah Lands Department manages the registration of property transactions and ensures accurate registration of ownership rights.
Ras Al Khaimah Real Estate Regulatory Authority (RERA RAK) establi...